ManpowerGroup (MAN) Lifted to B- at TheStreet

ManpowerGroup (NYSE:MAN) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday.

A number of other equities research analysts have also recently weighed in on the stock. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $83.00 to $81.00 in a research report on Friday, February 1st. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Bank of America initiated coverage on shares of ManpowerGroup in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $82.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. ManpowerGroup currently has a consensus rating of “Hold” and a consensus target price of $98.67.

ManpowerGroup stock opened at $84.61 on Wednesday. The firm has a market cap of $5.23 billion, a PE ratio of 9.45, a PEG ratio of 3.55 and a beta of 1.46. ManpowerGroup has a 12-month low of $61.57 and a 12-month high of $123.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.47.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, January 31st. The business services provider reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.54 billion. As a group, sell-side analysts forecast that ManpowerGroup will post 7.71 earnings per share for the current year.

In other news, SVP Richard Buchband sold 3,471 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total transaction of $288,613.65. Following the transaction, the senior vice president now directly owns 4,986 shares in the company, valued at $414,585.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Downe purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were purchased at an average price of $81.21 per share, for a total transaction of $324,840.00. Following the completion of the purchase, the director now owns 4,000 shares of the company’s stock, valued at $324,840. The disclosure for this purchase can be found here. 1.02% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Fort L.P. increased its stake in shares of ManpowerGroup by 926.4% during the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after acquiring an additional 491 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of ManpowerGroup by 6,258.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after acquiring an additional 3,161,617 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of ManpowerGroup during the fourth quarter worth about $84,000. IFP Advisors Inc increased its stake in shares of ManpowerGroup by 148.6% during the third quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock worth $113,000 after acquiring an additional 783 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of ManpowerGroup by 8.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

Further Reading: What is a Futures Contract?

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply